Corporations Worry so much on #corporatetaxplanning
Corporate tax is cross cutting field between #lawyers and #Auditors.
We Assume you understand the Roles of auditors.
HOWEVER, what are the roles of a lawyer in corporate tax planning.
Here is a snapshot:
1. A Lawyer will normally help your business to distinguish between #taxavoidance (legal) and #taxevasion (illegal)
That is to say to identify tax saving mechanisms within legal parameters so as to help your business pay less and possibly obtain tax refunds/exemption and or reliefs.
2.A lawyer will help you distinguish between various taxes and levies and their legal implications.
These include but not limited to
Capital Gain Tax (SGT)
The Income tax
Pay as you earn
Corporate tax
Skills Development levies etc
Thanks.

People often use the terms tax evasion and tax avoidance interchangeably. In realty, the two are very different things. 💼📊⚖ - #Taxavoidance is the use of quasi-legal methods to modify a corporations financial situation to lower the amount of #income tax liability. - #Taxevasion is the use if illegal methods to modify an individuals or corporations financial situation to lower the amount of income tax #liability
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What is tax avoidance?
[Reading time: 60 seconds]
Most #taxpayers use some form of #tax avoidance. It is a legal way for people or other entities to minimize their tax #liability.
Listed below are the 4 most common forms of tax #avoidance:
-Tax haven
If taxes are high in one location, you can gain an advantage by registering your location as being somewhere else instead (i.e. #CaymanIslands is home to more than 85,000 companies)
-Real estate borrowing (Loans)
When you ask a #loan for a property, that money cannot be taxed because, technically, it isn’t income: it’s officially classed as a loan.
-Shell trust funds
This “tax plan” is based on paying money into a trust fund, which accepts the money as a “donation”, which is usually not taxed under a certain amount. The fund then offers you back a cheap loan, which then subsequently, you shall we say, “forget” to pay back. Therefore, by disguising their salaries as loans, the members can write off much of their income tax.
-Give to #charity
If you give assets to charity you can claim #income tax relief up to their entire #value. In this case you are obviously losing the asset, but you are reducing your taxable income.
Have you understood how it works? Let us know in the comments below!
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#realestate#taxavoidance#taxevasion#trustfund#income#money#loans#taxplan#freedom#entrepreneur#gst#bookkeeping#study#students#money#assets#caupdate#update#jaipur#liberty#taxrelief

Few Banks are squeaky clean but @barclaysuk has a reputation dirtier than most. From funding #fracking through to #taxavoidance through to executing huge #elephantdeals (which risk funding #terrorism and organised crime), time and again they have proved themselves unwilling to take responsibility for their actions or change their ways. I am interested to see that #Barclaycard is appearing on #Instagram ads with a campaign designed to appeal to #millennials and #postmillennials - if you see these ads, please do think about leaving a comment so that people who see these ads can make an informed decision about who to #bank with, and if you should feel moved to report the ad as offensive, even better

Free Digital Download for Tax Season 2019 - Download Now! (Link in Bio)
Choosing Your Tax Preparer Wisely
Many people hire a professional when it’s time to file their tax return. If you pay someone to prepare your federal income tax return, the IRS urges you to choose that person wisely. Even if you don’t prepare your own return, you’re still legally responsible for what is on it.
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There are various types of tax return preparers, including certified public accountants, enrolled agents, attorneys, and many others who don’t have a professional credential. You expect your preparer to be skilled in tax preparation and to accurately file your income tax return. You trust him or her with your most personal information. They know about your marriage, your income, your children and your social security numbers – the details of your financial life.
Most tax return preparers provide outstanding and professional tax service. However, each year, some taxpayers are hurt financially because they choose the wrong tax return preparer. Be sure to check our tips for choosing a tax preparer.
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Got Questions? Shoot me a DM or comment below.

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Tax Avoidance is a means of lowering your taxes legally. Meaning the use of legitimate methods to reduce the amount of income tax you owe the tax authority. .
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Examples include, . ***Saving your money into a pension fund account; .
. ***Utilizing your capital gains tax allowance; .
. ***Buying insurance policies etc .
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PS. Do you know that staying and eating healthy is a form of avoiding tax because you won't be eating junks (e.g. Chocolate biscuits, snacks) that have VAT levied on them unlike fruits and veggies. Ain't it?_😊😉 .
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Likewise smoking and drinking stuffs are also heavily taxed. .
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So, tell me is Peter Drucker correct in his quote by saying "... nothing motivated a modern man more than a chance to avoid taxes."? Double click if you agree to this post ❤❤❤❤❤❤

ARE YOU SELLING WEED? THE IRS WANTS TO KNOW HOW MUCH: . Now that I have your attention, the #cannabis industry is highly restricted & a haven for #taxavoidance opportunities. Connect with a #lawyer that understands the ins & outs of the industry.

Good day!🌅
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Let’s discuss the latest tax news from the Netherlands🇳🇱. The following amendments are to be made in the near future:
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🔷 Starting in 2021, corporate tax will be reduced from 25% to 22.25%.
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🔷 Starting in 2020, withholding tax on outgoing dividends will be abolished. It will increase the attractiveness of the #Netherlands as the jurisdiction for holding companies incorporation within the EU.
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🔷 In accordance with the EU Anti-Tax Avoidance Directive (ATAD), the following five major tax measures are to be introduced in the Netherlands:
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🔹 Interest deduction limitation: interest expenses can be tax deductible up to the amount of EUR 3 million or the 30% of the EBITDA (whichever is higher). Non-deductible interest can be carried forward indefinitely.
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🔹 A general anti-abuse rule (GAAR).
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🔹 Controlled foreign companies ( #CFC) rules, which will apply to a taxpayer’s controlled foreign entities and permanent establishments, which are subject to a less than 12,5% corporate tax and do not carry out any ‘genuine’ economic activities in foreign jurisdictions. This measure will not apply to the CFCs, which have substance and carry out significant business activities, and to regulated financial institutions.
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🔹 An anti-hybrid rule, which covers hybrid entities and hybrid financing, will apply to the transactions within the EU, but will also apply to the transactions with third countries in the future.
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🔹 Exit tax (which already exists in the Netherlands): the payment deferral will be limited to 5 years for corporate tax purposes (currently there is a 10-year deferral). Please note the 10-year period is retained for personal income tax purposes.
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Have a lovely weekend!✌
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#GAAR#eutax#eucompany#taxdeferral#taxliability#tax#taxlaw#internationaltaxlaw#internationalbusiness#internationallaw#internationallawyer#internationaltaxconsultant#internationaltax#taxconsultant#taxoptimisation#internationalbusiness#internationalbusinesstax#dutchtax#dutchbusiness#taxexpert#internationaltaxation#taxreform#taxavoidance#taxevasion#exittax#eubusiness#dutchcompany#taxnews

What's all the buzz about? 🐝🐝
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Well, as we're building a huge firm of professionals it's kind of hard to keep our excitement under wraps! 😄
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Our final book 📖 launch is quickly approaching and it's set to be the biggest yet!🔥
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Whether you want to:⬇️⬇️
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💪 learn more about taxes and how to build your wealth
💪 You're a professional that's sick of your job and want a new challenge
💪 You're a professional that loves your job but is not opposed to another stream of income
💪 Simply want to network with other professionals
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DM me and tell me why you want an invite!
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Your future is in the choices you make today..
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So I usually post about celebrities who are taken advantage of by "close friend" financial advisors. This one's a bit different. Who is Rick Ross's financial advisor/ team? How did the tax bill get to be that amount? .
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Everybody has to pay the IRS. How much is determined by your knowledge of how the IRS works. Got questions about your particular tax situation? Need a tax plan? Send me a DM so we can work something out.
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#Repost@theshaderoom (@get_repost)
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TSR STAFF: Chantel Kelli! @_popchanny!
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#Roommates, do y’all remember back in 2016 when Uncle Sam threatened #RickRoss, saying they would start the seizing process for his assets if he didn’t pay up? Well, two years later, he finally settled his debt!
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According to @TheBlast, the Department of Treasury filed a Certificate of Release of Federal Tax Lien. The official docs show that Rick Ross dished out a whopping $4,617,370.86.
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Now, Ross is worry-free when it comes to his assets being seized on behalf of the IRS And his — read more at TheShadeRoom.com!

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I have to know so that I can educate my clients and students! The tax code is a really important topic to know and master in order to build wealth and maintain it in this country. Like my older brother always told me, it's not about how much you make $ it's about how much you keep 🤑 #TaxCode#TaxAvoidance NOT #TaxEvasion

1 494:43 AM Oct 28, 2016

People often use the terms tax evasion and tax avoidance interchangeably. In realty, the two are very different things. 💼📊⚖ - #Taxavoidance is the use of quasi-legal methods to modify a corporations financial situation to lower the amount of #income tax liability. - #Taxevasion is the use if illegal methods to modify an individuals or corporations financial situation to lower the amount of income tax #liability
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• Fees and Taxes •
⠀⠀ ⠀⠀ • Understanding your true exposure to taxes and fees is crucial to having a sound Financial Plan • ⠀⠀ • When consulting clients who have worked or are working with traditional advisory firms, we often find many do not fully understand the impact of management fees and transaction fees that WILL ultimately reduce the all important Rate of Return. This misunderstanding combined with unforeseen or poorly planned tax strategy can truly erode realized wealth • ⠀⠀
• if you are working with a firm, be sure you fully understand what fees you will be charged. As well as how taxes WILL come into play on your current plan either now, or down the road at retirement•
⠀⠀ • We typically do not charge our clients management fees • Getting our clients the most return on their hard earned dollar with the least amount of risk - while minimizing or avoiding tax all together is our primary goal here at Apex•
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⠀⠀ ⠀⠀ #finance#finacialplanning#cashvaluelifeinsurance#insurancebroker#wealthbuilding#taxavoidance#taxstrategy#incomeprotection#cashflow#financialadvisor#protection#financialplanning#assetprotection#retirment#rothira

1 43:26 PM Aug 9, 2018

The Internal Revenue Service will begin to ramp down the 2014 Offshore Voluntary Disclosure Program (OVDP) and close the program on Sept. 28, 2018. By alerting taxpayers now, the IRS intends that any U.S. taxpayers with undisclosed foreign financial assets have time to use the OVDP before the program closes. “Taxpayers have had several years to come into compliance with U.S. tax laws under this program,” said Acting IRS Commissioner David Kautter. “All along, we have been clear that we would close the program at the appropriate time, and we have reached that point. Those who still wish to come forward have time to do so.” #fbartaxprobs#offshoretaxhavens#irsproblems#taxavoidance#taxscheme